Address the following based on the Woods Hole Oceanographic Institution (2018) reading for this week. This reading provides a real-world example of purchasing and bid requirements.

Evaluate the information provided on managing bids and negotiating prices, competition/bidding, and price analysis techniques.
Discuss how this information may be useful on a project with which you are familiar, or on one that you have researched.
Support your positions with at least one current (no older than five years) scholarly source